Listed by Partners Real Estate Houston, Partners
$5,962,471
The Center at Foster
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,026
Cap Rate 7.00%
NOI $418,553
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $425
Year Built 2020
Buildings 1
Acreage 1.850
Ground Lease No
Walmart Anchored | Signalized Hard Corner
Marketing description
Population Density: The subject property has a total population of over 93K residents and over 30K households within a 3-mile radius.
Strategic Location: The Center at Foster is located at the signalized hard corner of Summer Fest Drive and North Foster Road, with direct access to neighborhoods such as Woodlake Park, Candlewood Park, and Sunrise.
Traffic Counts: North Foster Road experiences 28,859 vehicles per day in front of the subject property.
Limited Landlord Responsibility: All tenant leases are NNN.
Listing Contacts
Listed by Partners Real Estate Houston, Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$418,553.00
$34,879.42/mo
Valuation Metrics
0
DSCR
7.02%
Cap Rate
7.02%
ROI
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